Foreign currency accounts for startups allowed offshore to receive export earnings, subject to prescribed repatriation requirements. The amendment allows insurance/reinsurance companies registered with IRDA to maintain foreign currency accounts abroad for business expenditures and to credit premia received outside India. It further permits Indian startups, or other entities notified by the Reserve Bank in consultation with the Central Government that have overseas subsidiaries, to open foreign currency accounts abroad to credit export/sales earnings and overseas subsidiary receivables, provided account balances are repatriated to India within the period prescribed under the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015; 'startup' follows the government notification definition.